On Thursday, Qiwi (NASDAQ:QIWI) announced its earnings results for Q2 that were higher than expected, as revenue, net income and the adjusted EBITDA were up Y/Y, while the earnings per share of $0.23 missed the analysts’ estimates by only $0.01. In the recent months, the company has been active on the M&A field, and while its stock is currently trading around its all-time low, I believe that the current price represents an interesting buying opportunity for those, who are interested in investing in the IT companies from Russia.
Despite going public in 2013,